Cerberus to buy €1bn of AIB's non-performing loans

AIB is to sell €1bn worth of non-performing loans toto Everyday Finance, an affiliate of Cerberus Capital Management.

Cerberus to buy €1bn of AIB's non-performing loans
Mon, 01 Apr, 2019 - 09:22
Digital Desk staff

AIB is to sell €1bn worth of non-performing loans to to Everyday Finance, an affiliate of Cerberus Capital Management.

Last year, the bank says the loan portfolio incurred a loss of €11m.

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